Canadians Would Earn $17B More Annually if Credentials Recognized (Audio)

A new report from the Conference Board of Canada titled “Brain Gain 2015: The State of Canada’s Learning Recognition System” suggests that nearly 850,000 Canadians are unemployed or underemployed. More than 60 per cent of these are immigrants who are finding their credentials are not being fully recognized.

The report suggests that if credentials were properly recognized, those affected could realize an annual income increase of between $15,000 and $20,000 per person. In addition, as a group they could earn $13.4 to $17 billion more annually.

The report states that “over 844,000 Canadian adults now face learning recognition challenges, including over 524,000 with international credentials, almost 200,000 with out-of-province credentials and 120,000 with experiential learning not recognized in a credential”.

The same study was conducted in 2001 and found that recognizing credentials could earn Canadians approximately $4.1 to $5.9 billion more in income. This figure has jumped to $17 billion in the latest report.

The recommendations in the report include exporting Canadian post-secondary education curricula and programs to educational institutions abroad under cooperative programs.

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